Magnetic Drive Pump Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[170+ Pages Report] According to the report published by Facts Factors, the global magnetic drive pump market size was worth around USD 650.00 million in 2019 and is predicted to grow to around USD 800.00 million by 2026 with a compound annual growth rate (CAGR) of roughly 3% between 2020 and 2026. The report analyzes the global magnetic drive pump market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the magnetic drive pump market.

The magnetic drive pump market report analyzes and notifies the industry statistics at the global, regional, and country levels to acquire a thorough perspective of the entire magnetic drive pump market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in value (USD Million) and volume (K Units) from FY 2016 – 2026.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the magnetic drive pump industry. The report analyzes and declares the historical and current trends analysis of the Magnetic drive pump industry and subsequently recommends the projected trends anticipated to be observed in the magnetic drive pump market during the upcoming years.

Key Insights From Primary Research

• As per our primary respondents, the China magnetic drive pump market is set to grow annually at a rate of around 3%
• It was established through primary research that the China magnetic drive pump market was valued at more than USD 650 million in 2019
• The robust industrialization in China is supposed to display the highest growth in the regional market as it is one of the developed economies.
• Increasing urbanization is supposed to fuel market growth. Companies are supposed to invest in R&D to innovate better product. Product invention will open new opportunities for the magnetic drive pump and thus is expected to propel the industry demand in the upcoming years.
• The “5KW≤Pump Power<30KW” category, on the basis of type segmentation, was the leading revenue-generating category accounting for around 40.0% share, in 2019.
• The “Petroleum Industry” category, on the basis of industry segmentation, was the prominent value-generating category accounting for around 25.0% share, in 2019.
• The “Distributors” category, on the basis of sales channel segmentation, was the prominent value-generating category accounting for more than 50.0% share, in 2019.

Key Recommendations from Analysts

• The growing popularity of the magnetic drive pump as an environment-friendly product in the water treatment plant and chemical industry in various countries across the globe is increasing the demand for the magnetic drive pump segment. There is a huge demand for magnetic drive pump in developing regions such as the Asia Pacific, which is driving the sports and medical industry in the regions.
• Europe region is anticipated to have a larger share of the magnetic drive pump market in the upcoming years.
• China's magnetic drive pump market is anticipated to rise at the highest rate between 2020 and 2026.
• Growing at a CAGR of around 4.0%, China's magnetic drive pump, and mining market provides numerous opportunities for all of the involved stakeholders across the entire value chain
• Our analysts have identified the “5KW≤Pump Power<30KW”, “Petroleum Industry”, and “Distributors” categories as the leading investment pockets for the China magnetic drive pump market in terms of type, industry, and sales channel segmentation respectively

Global Magnetic Drive Pump Market Revenue Share In 2019– By Type

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Magnetic drive pump industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the magnetic drive pump industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the magnetic drive pump market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Magnetic drive pump industry. The magnetic drive pump market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Magnetic drive pump sector. Key strategic developments in the magnetic drive pump market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the magnetic drive pump market are appropriately highlighted in the report.

The global magnetic drive pump market is experiencing significant growth that is expected to continue over the upcoming years. A massive rise in the demand for magnetic drive pumps for several industrial sectors is likely to act as a key driver of the global magnetic drive pump market.

The magnetic drive pump market research report delivers an acute valuation and taxonomy of the magnetic drive pump industry by practically splitting the market on the basis of different types, industries, sales channels, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the Magnetic drive pump industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the magnetic drive pump industry is provided for the leading economies of the world.

The magnetic drive pump market is segmented based on type, industry, and sales channel. On the basis of type segmentation, the market is classified into Pump Power<5KW, 5KW≤ Pump Power<30KW, and Pump Power≥30KW. In terms of industry segmentation, the market is bifurcated into the chemical industry, petroleum industry, pharmaceutical industry, food industry, and others (aerospace & defense, automotive, machine tool, mining, etc.). In terms of sales channel segmentation, the market is bifurcated into direct sales and distributors.

Some of the essential players operating in the magnetic drive pump market, but not restricted to include

•  IWAKI
•  ITT Goulds Pumps
•  Klaus Union
•  Flowserve
•  March Manufacturing
•  Verder
•  Dickow Pumpen
•  DESMI
•  HERMETIC-Pumpen

The taxonomy of the Magnetic drive pump industry by its scope and segmentation is as follows:

Global Magnetic drive pump Market: Type Analysis

• Pump Power<5KW
• 5KW≤Pump Power<30KW
• Pump Power≥30KW

Global Magnetic drive pump Market: Industry Analysis

• Sports Protection
• Medical Rehabilitation

Global Magnetic drive pump Market: Sales Channel Analysis

• Chemical Industry
• Petroleum Industry
• Pharmaceutical Industry
• Food Industry
• Others (Aerospace & Defense, Automotive, Machine Tools, Mining, etc.)

Global Magnetic drive pump Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa